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Wed, May 15, 2024 04:44 PM All times are UTC

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FxWirePro: USD/CNY remains well supported above 6.88 mark, PBOC sets yuan mid-point at 6.8973

May 28, 2019 06:43 am UTC| Technicals

USD/CNY is currently trading around 6.9050 marks. It made intraday high at 6.9073 and low at 6.8969 levels. Intraday bias remains bullish till the time pair holds key support at 6.88 mark. A sustained close...

FxWirePro: EUR/JPY extends weakness after poor German Gfk consumer confidence, technical bias bearish

May 28, 2019 06:42 am UTC| Technicals

EUR/JPY chart - Trading View EUR/JPY is extending range trade for the 3rd consecutive session, bias bearish. The pair trades well below daily cloud and major moving averages. Stochs and RSI are sharply lower and...

FxwirePro: USD/CAD minor trend in ascending channel – Trade double-touch calls and uphold long hedge on prolonged major uptrend line

May 28, 2019 06:01 am UTC| Technicals

In this write-up, we attempt to establish a USDCAD bullish trade setup contemplating technical charting and candlestick patterns coupled with some important indicators. USDCADformed hammer and bullish engulfing candles...

Crypto Technicals: BTC/USD pauses shy of $9000 mark, next bull target 38.2% Fib at 9532

May 28, 2019 05:51 am UTC| Digital Currency Technicals

BTC/USD chart - Trading View Exchange - Coinbase Support: 8465 (5-DMA); Resistance: 9532 (38.2% Fib) Technical Analysis: Bias Bullish BTC/USD pauses upside just shy of $9000 mark, bias remains bullish. The...

FxWire Pro: Indian rupee falls gradually against U.S. dollar, faces immediate resistance at 69.85 mark

May 28, 2019 05:46 am UTC| Technicals

USD/INR is currently trading around 69.60 marks. It made intraday high at 69.68 and low at 69.47 marks. Intraday bias remains neutral till the time pair holds key resistance at 69.85 mark. Key resistances...

FxWirePro: Aussie bulls unimpressed by rally in iron-ore prices, mounting expectations of RBA rate cut weigh

May 28, 2019 04:45 am UTC| Technicals

AUD/USD chart - Trading View AUD/USD is trading in a narrow range, extends marginal gains on the day. The pair was trading 0.15% higher on the day at 0.6927 at 04:30 GMT. Aussie bulls failed to build on gains...

FxWirePro: USD/JPY struggles at 5-DMA, retraces from session highs at 109.62, bias bearish

May 28, 2019 04:24 am UTC| Technicals

USD/JPY chart - Trading View USD/JPY capped at 5-DMA, retreats from session highs at 109.62 to currently trade at 109.47 at 03:50 GMT. Data released earlier today showed Japan March Leading Economic Index fell to...

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Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

Minimum wage policies are typically aimed at reducing poverty. Yet there is little direct evidence of this effect, especially in developing countries. And none for South Africa. In a recent paper, we consider the...

If the RBA’s right, interest rates may not fall for another year. Here’s why.

The Reserve Bank is now assuming Australians will see no interest rate cuts this year and quite possibly none before the next federal election, due next May. Thats a big change compared to just three months ago. Back...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Germany lowers voting age to 16 for the European elections

Ahead of the European parliament elections in June, Germany has lowered the age limit on participation to 16. This makes it the largest of just a handful of states in the EU to allow people under the age of 18 to vote....

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

Science

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

Technology

Spot Bitcoin ETF: Vanguard Might Join BlackRock in Major Market Shift

With the appointment of new CEO Salim Ramji, Vanguard may soon enter the spot Bitcoin ETF market, potentially joining industry leader BlackRock and marking a significant shift in the investment landscape. Vanguards New...

FLOKI Price Soars 14% After Revolut Listing, Market Rally Anticipated

The price of FLOKI surged over 14% today following its listing on Revolut Business, Europes largest neobank, driving investor enthusiasm and market optimism for continued gains. FLOKIs 14% Surge Follows Revolut Listing...

GameStop, AMC Stocks Soar as 'Roaring Kitty' Returns, Sparking Meme Stock Frenzy

Shares of retail investor favorites GameStop and AMC Entertainment surged on Tuesday, fueled by social media posts from Keith Gill, also known as Roaring Kitty, the key figure behind the 2021 meme stock...

ECB Calls for Monitoring and Possible Regulation of AI in Finance

The European Central Bank (ECB) has highlighted the need for careful monitoring and potential regulation of artificial intelligence (AI) in the financial sector to prevent harm to consumers and ensure market stability....

BYD Launches Shark Hybrid Pickup in Mexico, Eyes New Factory Amid US Tariff Hike

BYD has introduced its Shark hybrid pickup truck to the Mexican market, with plans for a new factory, aiming to bolster its North American footprint despite recent U.S. tariff hikes on Chinese electric vehicles. BYDs...